[SMM Shanghai and other #1 lead market midday review: Shanghai lead showed weak consolidation, slightly better spot market transactions before the weekend]

SMM News March 22: The Chihong lead in the Shanghai market was quoted at RMB 16,235-16,255/ton, with a premium of RMB 30-50/ton for the Shanghai lead 2404 contract; in the Jiangsu and Zhejiang areas, Jiangtong lead was quoted at RMB 16,225-16,255/ton, with a premium of RMB 20-50/ton for the 2404 contract. Shanghai lead showed signs of weak consolidation, with holders quoting prices as they follow the market, warehouse receipts maintaining a small premium offer, and refinery delivery sources leaning towards discounts...